SALT LAKE CITY, Oct. 10, 2017 /PRNewswire/ -- Tight IT
budgets, coupled with challenging economic environments in
different world regions, has driven the demand for huddle rooms and
flexible spaces. In order to accommodate enterprise needs in this
new era, vendors are catering to business expectations for greater
audio conferencing endpoint functionality at low price points.
"With the proliferation of video in huddle rooms and large
meeting spaces, incorporating video in an enterprise collaboration
bundle seems to be a logical extension route for audio conferencing
endpoint vendors like ClearOne (NASDAQ: CLRO)," states Frost &
Sullivan Unified Communications & Collaboration Industry
Analyst Vaishno Srinivasan. "Through its
COLLABORATE® Pro series, ClearOne has embarked on a
journey to build a tightly integrated line-up of audio and video
products coupled with its Spontania® cloud video service
offering."
ClearOne's successful entry in the audio video collaboration
space is built upon its strong foundation in the installed audio
conferencing market. Frost & Sullivan's new analysis, Global
Audio Conferencing Endpoints Market, Forecast to 2021, finds
that ClearOne continues to lead the installed audio conferencing
space with a market share of 53.8% in 2016, backed by a wide
variety of professional audio conferencing system choices that are
packed with advanced DSP algorithms. This installed audio market is
expected to gradually grow at a CAGR of 3.5 percent from 2016-2021,
driven by the launch of cost-effective installed audio systems from
vendors like ClearOne.
"Leveraging our strong base in installed audio, ClearOne
continues to strengthen its video portfolio to effectively
complement its audio business. By developing a comprehensive and
unified audio video conferencing portfolio at affordable prices, as
compared to high-end room systems, ClearOne is able to offer
enhanced value to its customer base," asserted ClearOne President
and CEO Zee Hakimoglu. "In fact, no other company offers the
range of conferencing and collaboration solutions that we do across
all platforms and for all vertical markets. It's why now,
more than ever, ClearOne is the industry's only complete one-stop
source for integrators to turn to for every installation
requirement."
Global Audio Conferencing Endpoints Market, Forecast to
2021 is part of the Conferencing & Collaboration
Growth Partnership Service program. Frost & Sullivan's related
studies include: North American Conferencing Services Markets,
Global Video Conferencing Endpoints and Infrastructure Markets, and
Global Web Conferencing Markets. All studies included in
subscriptions provide detailed market opportunities and industry
trends evaluated following extensive interviews with market
participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, we have been developing growth strategies for the global
1000, emerging businesses, the public sector and the investment
community. Contact us: Start the discussion
About ClearOne
ClearOne is a global company that designs, develops, and sells
conferencing, collaboration, and network streaming & signage
solutions for voice and visual communications. The performance and
simplicity of its advanced, comprehensive solutions offer
unprecedented levels of functionality, reliability and scalability.
Visit ClearOne at www.clearone.com.
Contact:
Bob Griffin
Griffin360
Twitter: @griffin360
212.481.3456 x16
bob@griffin360.com
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SOURCE ClearOne